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Sustainable Middleborough explains PACE financing option for commercial and multifamily clean‑energy work
Summary
At the Feb. 27 meeting, Kimberly French of Sustainable Middleborough briefed the board on Property Assessed Clean Energy (PACE) financing through MassDevelopment, a tool the group says could help commercial, nonprofit and larger multifamily property owners in Middleborough finance energy upgrades and certain new all‑electric construction.
Kimberly French, a leader of Sustainable Middleborough, briefed the Town of Middleborough Zoning Board on the Property Assessed Clean Energy (PACE) financing program on Feb. 27, 2025. French said the program, administered through MassDevelopment, is a financing tool for building owners that attaches a repayment obligation to the property tax bill.
French said PACE can be used on commercial, industrial and multifamily buildings of five units or more and on nonprofit buildings that pay property tax. “It can be used to finance things like roofs, windows, HVAC systems, weatherization, solar installs,…
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